Companies
/
Base Power
Energy
Base Power is an Austin-based energy company that installs home battery systems and operates them as a grid-scale virtual power plant to provide backup power and grid services.
$16.3B
+$42.94
16,560.91%
30 days ago
$0.26
Create an account to view live offerings, pricing, and market activity.
Sign in to view offerings and live market activity.
Sign up with Augment to see the latest market activity.
Base Power was founded in 2023 by Justin Lopas and Zach Dell, entering the home battery storage market in Texas with a distinctive business model: rather than selling batteries to homeowners as a one-time hardware purchase the way solar and battery installers traditionally have, Base Power owns and operates the batteries itself, installing them at customers' homes at no upfront cost in exchange for a flat monthly subscription fee, similar to how a utility or subscription service is billed, while retaining the ability to aggregate and dispatch all of its installed batteries together as a coordinated "virtual power plant" that can provide grid services and backup capacity at scale. This model lets Base Power monetize its battery fleet in multiple ways simultaneously: providing home battery backup power for customers during grid outages, a particularly salient benefit in Texas given the state's history of major grid failures during extreme weather events; participating in the electricity market by discharging stored power back to the grid during periods of high demand and high prices; and providing grid stability and frequency regulation services that grid operators pay for. Because Base Power owns the underlying batteries rather than the homeowner, it can make real-time decisions about when to charge, discharge, or hold energy in reserve based on grid conditions and pricing signals, rather than a homeowner-owned battery that typically operates based only on that individual home's preferences. The company launched initially in the Texas market, capitalizing on the state's deregulated electricity market structure and its particular vulnerability to grid instability during heat waves and winter storms. Base Power has raised substantial venture funding from investors including Andreessen Horowitz and Terrain, positioning itself within a growing category of distributed energy resource and virtual power plant companies aiming to make residential batteries part of broader grid infrastructure rather than standalone home appliances.
FOR QUALIFIED INSTITUTIONAL AND ACCREDITED INVESTORS ONLY: Under federal securities laws, private market investments on this platform are available exclusively to Institutional and Accredited Investors. Verification of status required before investing. Private investments involve significant risks including illiquidity, potential loss of principal, and limited disclosure requirements. "Augment" refers to Augment Markets, Inc. and its affiliates. Augment Markets, Inc. is a technology company offering software and data services, not a bank or financial institution. Cash Accounts are provided by Modern Treasury Corp. financial institution partners and through Augment's technology. Augment does not act as a money services business, provide money transmission, or serve as a custodian of funds. Funds held in your Cash Account are not FDIC insured unless expressly disclosed. Full terms available in the Augment Cash Account Agreement. Brokerage services are offered through Augment Capital, LLC, an affiliated broker-dealer and member FINRA/SIPC. "Investment accounts" are not brokerage accounts and do not hold customer funds or securities. Investment advisory services are offered through Augment Advisors, LLC, an SEC-registered investment adviser. Registration with the SEC does not imply a certain level of skill or training. Neither Augment Advisors, LLC nor Augment Capital, LLC provide legal or tax advice; consult your attorney or tax professional regarding your specific situation. For additional information, please refer to Augment Advisors, LLC's Form ADV Part 2A (Firm Brochure) and FINRA BrokerCheck.
